I put this graphic together a long time ago when the Euro looked on the verge of collapse. I’m sure most people suffered one way or another from the effects of the “financial crisis”….
I personally lost circa 75k Sterling from my Pension Fund. Not just that but the private pension I was receiving was reduced by some 50%…. and frankly it has never recovered.
I am now retired and 66 years old, my UK State Pension is…derisory!
It, as well as my Private Pension is paid in Sterling.
I’m no Actuary ( which in my personal view is a futile discipline, in today’s world as it is reliant on forecasting ! Ha! )
One-one needs to be a forecaster to realise that your disposable income has halved ! and is forecast to slide further! unless, of course that you are in a position to twiddle with the LIBOR rates, benefit from insider know-how or are in control of a Bank.
So, the graphic may not hold water as a vision at this moment in time… or does it?
I slogged my guts out for 30 years employing 100s of people, the National Insurance contributions, both as an employee ( of my own companies ) and as an employer, as a Director, Partner and Sole Trader.
My Pensions are as useful now as an ashtray on a motorbike!
And whilst I could never have been a Politician, my understanding is that part of this purported #BREXIT Divorce settlement, the UK tax Payer ( which I may well have to become, again as well as my kids ( thanks to two arrogant egotists ) will be shelling out for MEPs Pensions for generations to come!
Am I right?
Well that’s the way it works then so-be-it… but who is going to recompense me?
#forage #cameroon #Brexit #pensions #citizensrights